In a filing, AMGEN Inc. revealed its SVP & CCO Grygiel Nancy A. unloaded Company’s shares for reported $0.57 million on Dec 04 ’23. In the deal valued at $273.03 per share,2,096 shares were sold. As a result of this transaction, Grygiel Nancy A. now holds 10,874 shares worth roughly $2.93 million.
Then, Graham Jonathan P sold 10,000 shares, generating $2,728,136 in total proceeds. Upon selling the shares at $272.81, the EVP, Gen. Counsel & Secy. now owns 28,078 shares.
Before that, AMGEN INC bought 1,764,705 shares. AMGEN Inc. shares valued at $29,999,985 were divested by the 10% Owner at a price of $17.00 per share. As a result of the transaction, AMGEN INC now holds 35,368,653 shares, worth roughly $9.52 billion.
A number of analysts have revised their coverage, including Leerink Partners’s analysts, who decreased its forecast for the stock in early February from “an Outperform” to “a Market perform”. Daiwa Securities also remained covering AMGN and has increased its forecast on December 21, 2023 with a “Buy” recommendation from previously “Neutral” rating. BMO Capital Markets revised its rating on December 19, 2023. It rated AMGN as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of AMGN
On Monday, AMGEN Inc. [NASDAQ:AMGN] saw its stock fall -0.28% to $269.20. Over the last five days, the stock has lost -4.89%. AMGEN Inc. shares have fallen nearly -6.53% since the year began. Nevertheless, the stocks have risen 6.25% over the past one year. While a 52-week high of $329.72 was reached on 02/05/24, a 52-week low of $211.71 was recorded on 04/05/24. SMA at 50 days reached $285.95, while 200 days put it at $269.73. A total of 1.83 million shares were traded, compared to the trading of 0.69 million shares in the previous session.
Levels Of Support And Resistance For AMGN Stock
The 24-hour chart illustrates a support level at 267.77, which if violated will result in even more drops to 266.33. On the upside, there is a resistance level at 270.42. A further resistance level may holdings at 271.64. The Relative Strength Index (RSI) on the 14-day chart is 37.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.46%. Stochastics %K at 13.30% indicates the stock is a buying.
How much short interest is there in AMGEN Inc.?
A steep rise in short interest was recorded in AMGEN Inc. stocks on Mar 15, 2024, growing by 20000.0 shares to a total of 11.11 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 11.09 million shares. There was a rise of 0.18%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.08% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.52.
